GREY:STPJF - Post by User
Post by
awol1on Aug 09, 2008 1:57am
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Post# 15371191
Updates?
Updates?LG, you mentioned before that STP has to hold off on news until the deal with ROH is complete.
Since January 2008, Byron Lutes bought around 120,000 shares in the public market from prices ranging from a low of 60cents (July 23/08) to a high of $1.45 (Jan 08).
Howard Bolinger bought around 150,000 shares ranging from a low of 65 cents (63,000 shares June 26/08) to a high of 80 cents (50,000 shares March 27/08).
The only selling that i see was Jon Clark selling 1,000 shares at $1.00 on May 28/08.
(source TD Insiders report as of August 8/08).
I think that this shows that they have faith in what STP has, shares were purchased even after the merger with ROH was announced and even after the resource report was released.
Perhaps they are planning to release an updated resource report including ROH land after the deal is complete? Any idea when the transaction with ROH would be complete?
I hope this isn't just hopeful thinking on my part, but i think if they had lost faith they would have sold their shares instead of buying more. Hopefully a brighter future for the sp on STP i hope it won't go much lower as i'm well below my buy in average.
Thoughts and comments from all are appreciated and welcome.